Golden Pickaxe EA Review

Golden Pickaxe EA

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Introduction

Golden Pickaxe EA is a machine learning–powered mean-reversion grid Expert Advisor, designed for trading Gold (XAUUSD) on the M1 time frame. This Gold Trading Robot offers five customizable set files to suit different risk levels and performs best with high-quality ECN brokers. It features advanced trade filters, market crash protection, news filters, and flexible strategy customization for safe and profitable automated gold trading. Developed by Valeriia Mishchenko, it includes lifetime updates, full support, and access to a private traders’ Telegram group. Golden Pickaxe is not sold as a standalone product: access is bundled with the complete 6-EA ValeryTrading Portfolio, available either as a $1,497/year Rent plan or a one-time $4,997 Own plan, both backed by a 30-day money-back guarantee, making Golden Pickaxe a trusted choice for precision-driven gold trading strategies.

Trading Results:

Golden Pickaxe EA – Specifications, Features, And Trading Requirements

• Access: Rent for $1,497/year or Own for a one-time $4,997 — Golden Pickaxe is included in the complete 6-EA ValeryTrading Portfolio (worth $16,800 individually); it is no longer sold as a single-EA license.
• Currency Pairs: XAUUSD (Gold)
• Time Frame: M1
• License: 10 MetaTrader 4 or 5 licenses per EA included, free updates for as long as you keep access, and full customer support from the ValeryTrading team.
• Compatible Brokers: Recommended for quality ECN brokers like IC Markets, Pepperstone, or Global Prime; not sensitive to spread or slippage.
• Account Recommendations: With 1:30 leverage — low-risk settings on accounts over $6,000; with 1:100 leverage — suitable for significant risk on $1,000 accounts.
• User Guide: Comes with a detailed setup manual including installation instructions, graphics, and recommendations.
• Updates: Free updates included for as long as your Rent or Own access is active.
• Bonus: Private Telegram community access, developer and prop-firm set files, a licensing dashboard, and one month of ValeryVPS included.
• Refund Policy: 30-day money-back guarantee, no questions asked.
• MT4/MT5 Compatibility: Available for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Golden Pickaxe Pricing 2026 – Rent Or Own The Full ValeryTrading Portfolio

ValeryTrading changed how Golden Pickaxe is sold. It is no longer available as a single, standalone EA license — instead, buying access gets you Golden Pickaxe plus the entire 6-EA ValeryTrading Portfolio (Sentinel AI, Waka Waka, Perceptrader AI, Golden Pickaxe, News Catcher Pro, and Night Hunter Pro), a combined $16,800 value if purchased individually. You choose how you want to pay for that same portfolio:

• RENT — $1,497/year. Renews yearly, cancel anytime. Best if you want the lowest entry cost and the flexibility to stop anytime.
• OWN — $4,997 one-time (regular value $16,800 — save $11,803, roughly 70% below what the six EAs are worth individually). A single payment for permanent access. Best if you plan to trade with these EAs long-term.

Both options unlock exactly the same thing:

• All 6 Expert Advisors ($16,800 combined value: $2,800 per EA)
• Every future EA release ValeryTrading ships, at no extra cost
• 10 MetaTrader 4 or 5 licenses per EA
• Free updates for as long as you keep access
• Developer and prop-firm set files
• 1-on-1 remote setup support
• 120+ page PDF user guide
• Licensing dashboard access
• Private Telegram community
• Dedicated technical support
• One month of ValeryVPS included (free Forex-optimized VPS hosting)

Every purchase also comes with a 14-day free trial (no credit card required) and a 30-day money-back guarantee, so you can test Golden Pickaxe and the rest of the portfolio risk-free before deciding whether to Rent or Own.

Note: CURRENT PRICING – Rent for $1,497/year or Own for a one-time $4,997

UPDATE: Latest Golden Pickaxe Expert Advisor update v2.46 is ready for you to download right now!

Start Your 14-Day Free Trial Of Golden Pickaxe & The ValeryTrading Portfolio

Golden Pickaxe EA Review – Top Rated Expert Advisor For Gold Trading

Gold is one of the most actively traded — and most unforgiving — markets in the world. Its sharp intraday swings attract countless Expert Advisors that promise effortless profits, yet most of them are curve-fitted to historical data and fall apart as soon as market conditions change.

Many so-called “gold robots” simply wrap standard indicators in buzzwords like “machine learning” or “AI”, add an impressive-looking backtest, and use it to justify premium prices. When you look under the hood, there is often no real edge — just an optimization that happened to look good on past data.

This is the uncomfortable truth every serious trader needs to acknowledge before spending money on any automated gold trading system.

Golden Pickaxe EA takes a fundamentally different approach. Instead of mining historical charts for patterns that may never repeat, Top-Rated MQL Developer Valeriia Mishchenko designed it to exploit real, structural market inefficiencies on Gold (XAUUSD) — and it has a public, MyFxBook-verified live track record running since 2021 to back that up.

The combination makes perfect sense:

• A mean-reversion grid strategy tailored to Gold’s unique volatility profile
• Machine learning technology to identify and place high-profit-potential trades
• Five predefined set files — essentially five different trading systems on Gold — so you can match the EA to your personal risk tolerance

What Is Golden Pickaxe EA?

Golden Pickaxe EA is a fully automated Forex Expert Advisor for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), created by professional trader and MQL developer Valeriia Mishchenko. It is a mean-reversion grid trading system that uses machine learning technology to place high-profit-potential trades on the Gold market (XAUUSD).

At its core, the system combines:

• Machine learning–powered trade selection
• A mean-reversion grid trading methodology
• Real market inefficiencies instead of curve-fitted historical data
• Five predefined trading strategies (set files)
• Advanced trade filters, market crash protection, and a news filter

The EA is optimized for the M1 time frame and trades exclusively XAUUSD (Gold). It must be attached to only one XAUUSD M1 chart and should run continuously on a VPS. Golden Pickaxe is not sensitive to spread or slippage, although a quality ECN broker such as IC Markets, Pepperstone, or Global Prime is recommended for optimal execution.

You can use the default set file (XAU Balanced Vol) or choose one of the alternatives — XAU Risky Vol, XAU Risky, XAU Balanced, or XAU Classic — depending on your personal risk preference.

Crucially, Golden Pickaxe is a non-martingale, non-hedging, and non-latency Expert Advisor, designed for reliable performance across all Forex brokers.

About the Developer of Golden Pickaxe – Valeriia Mishchenko

Achieving stable profits even in the worst markets while taking little risk is what sets the top 10% traders apart from the rest. How they achieve this has always been a big mystery.

With a decade of experience in developing and refining trading algorithms, Valeriia Mishchenko succeeded in building a trading system that remains profitable even during the most volatile market conditions.

Her credentials speak for themselves:

• Top-Rated MQL Developer with 4.6 out of 5 stars on Trustpilot from 282 reviews and 4.2 out of 5 stars on MQL5 from 277 reviews
• More than 20,000 traders worldwide rely on her Expert Advisors
• Creator of Waka Waka EA — one of the most proven live track records on MyFxBook, with 70+ consecutive profitable months
• Developer of multiple EAs including Golden Pickaxe, Perceptrader AI, Sentinel AI, News Catcher Pro, and Night Hunter Pro

What truly distinguishes Valeriia from the vast majority of EA developers is her post-sale commitment. Rather than releasing a product and disappearing, she and the ValeryTrading team handle customer support, release free software updates, provide custom prop-firm set files, and maintain an active Telegram community for all users. When a developer with this track record launches a gold EA, there is real substance behind it — not just marketing promises.

The Foundation – Built on Real Market Inefficiencies, Not Curve-Fitting

To truly appreciate what Golden Pickaxe delivers, you must first understand the philosophy it is built upon.

The Anti-Curve-Fitting Philosophy

Most gold EAs are created by optimizing parameters until the backtest looks as perfect as possible — a process known as curve-fitting. The result usually looks spectacular on paper and fails in live trading once the market behaves differently from the past.

Golden Pickaxe was built on an entirely different foundation. Rather than fitting the system to historical data, it was designed from the outset to exploit existing market inefficiencies in the Gold market — structural behavior that persists across different market regimes, economic cycles, and volatility environments.

A Verified Live Track Record on Gold

This philosophy is not just theory. Golden Pickaxe has been trading on a public, investor-password-verified live money account on MyFxBook since 2021, with a lifetime gain of +217.75%, 28 out of 34 months in profit, and a maximum drawdown of 50.62%. Those numbers show both the profit potential and the real risk of a grid system — and they are published openly rather than hidden.

Why This Matters for Golden Pickaxe

Gold is a market in which curve-fitted systems fail particularly fast, because its volatility can change dramatically within days. A system built to exploit structural inefficiencies adapts naturally as those inefficiencies persist or evolve — which is exactly why Golden Pickaxe has remained active and profitable on a live account for years, while many competing gold robots that looked great on paper have quietly disappeared from the market.

Golden Pickaxe EA Trading Strategy Explained in Detail

We are pleased to introduce Golden Pickaxe EA, Valeriia Mishchenko’s specialized and highly effective automated trading solution for the Gold (XAUUSD) market. This advanced mean-reversion grid trading system integrates machine learning technology to identify and execute trades with strong profit potential, capitalizing on real market inefficiencies rather than relying on curve-fitted historical data. The result? A precise and adaptable trading approach tailored for Gold’s unique volatility profile.

The Mean-Reversion Grid Foundation

Golden Pickaxe EA employs an advanced mean-reversion grid trading system. Gold frequently overextends in one direction and then reverts toward its mean price level. The EA places its initial trade when its machine learning filter identifies a high-potential setup and, if price moves further against the position, adds grid orders to improve the average entry price so that the basket can be closed in profit once price reverts.

However — and this is critically important — this is not a conventional grid system. Traditional grid EAs place orders at fixed, predetermined price intervals based purely on statistical probability. That approach can work in ranging markets but frequently produces catastrophic drawdowns during sustained trends. Golden Pickaxe deploys its grid in alignment with real market inefficiencies on Gold rather than purely mechanical price intervals.

Non-Martingale, Non-Hedging Architecture

Golden Pickaxe is explicitly a non-martingale, non-hedging, and non-latency trading Expert Advisor:

• Non-martingale: The EA does not double position sizes after losing trades, avoiding the exponential drawdown risk that destroys martingale-based accounts
• Non-hedging: The EA does not open opposing positions to artificially mask losses
• Non-latency sensitive: The EA does not depend on broker pricing delays to generate profits

These architectural choices reflect a risk-aware development philosophy that prioritizes account longevity and capital preservation.

Exploiting Market Inefficiencies

Instead of overfitting to historical data, the system was designed to exploit existing market inefficiencies. The distinction matters enormously:

• A system that curve-fits to historical data will eventually fail when market conditions change
• A system built to exploit structural inefficiencies adapts naturally as those inefficiencies persist or evolve

The Machine Learning Layer

Machine learning is what separates Golden Pickaxe from a simple mechanical grid. The machine learning layer serves several functions:

• Trade selection — identifying high-profit-potential entries on Gold and filtering out low-potential ones
• Neural network filtering — the neural network was retrained in the v2.17 update to further improve decision quality
• Adaptive behavior — combined with the trade filters, it helps the EA avoid unfavorable market conditions

Emotion-Free, Fully Autonomous 24/5 Execution

One of the biggest advantages of Golden Pickaxe is the complete elimination of emotional decision-making. Human traders are constantly undermined by fear, greed, overconfidence, and hesitation — especially in a fast-moving market like Gold.

As a fully autonomous, rule-based system, Golden Pickaxe never makes spontaneous decisions, never deviates from its programmed strategy, and operates 24 hours a day, 5 days a week, continuously scanning the Gold market for opportunities — without requiring rest, motivation, or manual oversight. Once you have loaded your set file, the EA handles all trades for you.

In this video, we present one of Valeriia Mishchenko’s most well-known Expert Advisors: Golden Pickaxe

Key Features and Competitive Advantages of Golden Pickaxe

Golden Pickaxe EA combines a proven trading approach with a comprehensive set of features. Here is what is working under the hood:

Key Advantages

• Machine learning-powered decision-making for Gold (XAUUSD).
• Mean-reversion grid methodology built around real market inefficiencies.
• Flexible with five distinct trading strategy options included.
• Proven live account performance tailored to Gold market volatility.
• Simple setup — all configurations included, minimal external adjustments required.

Machine Learning Technology

Machine learning algorithms analyze Gold price behavior to identify and place high-profit-potential trades, while low-potential setups are filtered out. The neural network has been retrained with additional data in major updates.

Mean-Reversion Grid Methodology

The grid is built around Gold’s tendency to revert after overextended moves and is aligned with real market inefficiencies rather than fixed mechanical intervals.

Five Predefined Trading Systems

Five ready-to-use set files — XAU Balanced Vol (default), XAU Risky Vol, XAU Risky, XAU Balanced, and XAU Classic — are essentially five different trading systems on Gold, so no complex manual optimization is required.

Advanced Trade Filters and Market Crash Protection

Advanced trade filters, market crash protection, and a news filter help protect your account during extreme or high-impact market events.

Portfolio Mode

Portfolio Mode allows you to run several set files of Golden Pickaxe — and other ValeryTrading EAs such as Waka Waka — on the same account, while preventing the EAs from opening new initial trades at the same time.

Prop-Firm Ready

FTMO-compatible drawdown settings, news filter actions required by prop firms, and custom prop-firm set files make Golden Pickaxe well suited for challenges and funded accounts.

The Five Predefined Set Files – Five Trading Systems on Gold

This is where Golden Pickaxe clearly distinguishes itself from most gold EAs. Instead of shipping a single configuration, it comes with five predefined set files that are essentially five different trading systems on Gold. You simply choose the one that fits your risk tolerance and trading goals.

Golden Pickaxe offers five predefined trading strategies for maximum flexibility:

• XAU Balanced Vol (default)
• XAU Risky Vol
• XAU Risky
• XAU Balanced
• XAU Classic

Automatic Process

Once you have loaded your chosen set file, the entire process runs automatically — 24/5, without you lifting a finger. There is no need for manual intervention or constant monitoring. The EA handles trade selection, grid management, filters, and trade closing behind the scenes.

What This Means in Practice

Beginners can start with the default XAU Balanced Vol set file, while more experienced traders can switch to the riskier set files to pursue higher returns — accepting correspondingly higher drawdowns. Thanks to Portfolio Mode, several set files can even run on the same account without opening their initial trades at the same time.

Trading Instrument and Time Frame

Supported Trading Instrument

• Instrument: XAUUSD (Gold) only.
• Recommended Time Frame: M1 (1-minute chart) for high-speed precision trading.
• Performance: Not sensitive to spread or slippage — works reliably even under varied broker conditions.

Why Gold (XAUUSD)?

Gold is one of the most liquid and most actively traded instruments in the world. Its characteristics make it an ideal market for a specialized mean-reversion system:

• High liquidity: Deep markets allow efficient automated execution at competitive spreads
• Pronounced intraday swings: Gold frequently overextends and then reverts, creating opportunities for mean-reversion strategies
• Distinct volatility profile: A system built specifically for Gold can be tuned to its behavior instead of trying to fit many different markets at once

Recommended Time Frame

The recommended time frame is M1 (1-minute chart) for high-speed precision trading. The EA must be attached to only one XAUUSD M1 chart. If your broker uses a symbol suffix (e.g., XAUUSD.a), the Symbol parameter must be updated to match the broker’s format.

Spread and Slippage Sensitivity

A key practical advantage: Golden Pickaxe is not sensitive to spread or slippage. It works reliably even under varying broker conditions, which means you are not limited to only the tightest-spread brokers to achieve good results.

Risk Management and Flexible Lot-Sizing Methods

Built-In Risk Settings for Every Risk Appetite

Golden Pickaxe comes with built-in risk settings for any risk appetite — from low to high risk — so you always maintain control over your invested capital. Logically, the higher the risk, the higher the potential rewards, but also the higher the drawdown you must be prepared to tolerate.

Lot-Sizing Methods

The Forex Robot has different lot-sizing (money management) methods embedded into it.

• Allow Opening a new Grid – on/off opening of new grids. It does not affect the already open grids
• Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use ‘Dynamic Lot’ parameter, Deposit Load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
• Fixed Lot – fixed trading lot for the initial trade.
• Dynamic Lot (Balance/Equity based) – balance/equity to be used per 0.01 lot
• Deposit Load % – % of the deposit that will be totally used to open the initial trade

Predefined Risk Presets

The four predefined money management presets calculate the risk automatically for you based on your account balance:

Tested on High-Quality Tick Data

Below you can find the table with Golden Pickaxe EA test results on high-quality tick data from different sources:

Advanced Risk Management Features

The EA includes a comprehensive suite of advanced risk management tools:

• News Filter — with actions to prohibit the initial trade, prohibit all trades, or close all open trades during high-impact news
• Market Crash Protection — protects your account during extreme market dislocations
• Allow Opening a New Grid — switch the opening of new grids on or off without affecting grids that are already open
• Max Floating Drawdown % per Symbol — additional drawdown control per symbol
• Force Basket Closure — closes the entire basket once the initial order is closed by take profit or manual intervention
• Push Notifications — real-time alerts when a trade above a specified grid level is opened

FTMO-Compatible Drawdown Controls

Golden Pickaxe includes a dedicated Max Daily Drawdown Type FTMO parameter, allowing you to customize the daily drawdown calculation to match your prop firm’s exact requirements.

Installation and Setup – A Complete Step-by-Step Guide

Golden Pickaxe EA is designed for a simple installation — all configurations are included and only minimal adjustments are required. Every purchase includes a detailed 120+ page setup guide with clear instructions, graphics, and recommendations, plus 1-on-1 remote setup support.

Step 1: Attach the EA to One XAUUSD M1 Chart

Use a single XAUUSD M1 chart — do not attach Golden Pickaxe to more than one chart.

Step 2: Load One of the 5 Predefined Set Files

Choose XAU Balanced Vol (default) or one of the alternatives — XAU Risky Vol, XAU Risky, XAU Balanced, or XAU Classic — based on your risk tolerance.

Step 3: Adjust for Your Broker’s Symbol Suffix

If your broker uses a symbol suffix (e.g., XAUUSD.a), update the Symbol parameter accordingly in the EA settings.

Step 4: Enable News and Time Server Access

Allow the EA access to the following URLs for the news filter and GMT detection (remove spaces before adding them to your terminal settings):

• Allow the EA access to the following URLs for the news filter and GMT detection (remove spaces before adding to terminal settings):
  • https://www.worldtimeserver.com
  • http://timesrv.online
  • http://valeryservice.com
  • http://valerytools.com

Step 5: Select Your Risk Settings and Lot-Sizing Method

Choose the lot-sizing method and risk level that match your account size and leverage. For first-time users, a low-risk setting is strongly recommended.

Step 6: Deploy on a Reliable VPS for Continuous Operation

For 24/5 autonomous operation, run Golden Pickaxe on a Virtual Private Server (VPS). A VPS ensures uninterrupted execution even when your computer is offline, preventing missed trades and grid management interruptions.

Broker Recommendations

Compatible Brokers

Golden Pickaxe EA works with all Forex brokers. However, for optimal performance we strongly recommend a stable, high-quality ECN broker such as IC Markets, Pepperstone, or Global Prime for superior execution speed and pricing.

IC Markets is the top-tier choice — a recommendation that carries additional weight given the endorsement from Angus Walker, Head of Trading at IC Markets:

“After over a decade working inside top brokers and watching what really happens behind the scenes, I can say confidently that ValeryTrading Expert Advisors stand out — they have the highest survivability rate of any EAs on the market.”

Recommended Broker Setup

• Account Type: A hedging account is required — confirm broker hedging support before going live
• VPS: Run the EA continuously on a stable Virtual Private Server
• ECN Preferred: IC Markets, Pepperstone, Global Prime, or similar ECN brokers for optimal execution quality
• Symbol Suffix: If your broker uses a symbol suffix (e.g., XAUUSD.a), update the Symbol parameter accordingly
• Connectivity: Ensure your VPS and broker maintain stable connectivity for optimal execution quality

Free ValeryVPS Included

Every Rent or Own plan now includes one month of free ValeryVPS access, a Forex-optimized VPS. New users can immediately start trading Golden Pickaxe in a reliable VPS environment without additional cost during the initial evaluation period.

Why Broker Choice Matters Less Than You Think

Because Golden Pickaxe is not sensitive to spread or slippage, you are not forced to use only the tightest-spread brokers. This flexibility is especially valuable for:

• Traders in jurisdictions with limited broker choices
• Prop firm traders who must use the broker designated by their prop firm
• Traders who prefer a regulated broker in their home jurisdiction, even if spreads are slightly wider

Leverage Requirements and Account Recommendations

Choosing the right leverage and account size is essential for trading Golden Pickaxe safely. The following guidelines reflect the developer’s recommendations:

Critical leverage and margin considerations:

• 1:30 leverage on accounts below $6,000: stick to low-risk settings — higher risk may cause free margin problems that disrupt grid order management
• 1:100 leverage: moderate to significant risk settings are possible from $1,000, provided sound risk management is applied
• Account type: A hedging account is required
• Broker: Compatible with all Forex brokers, but ECN brokers like IC Markets are strongly recommended

Backtesting Results and Verified Live Account Performance

The best way to understand what to expect from the Golden Pickaxe EA in a long-term perspective is to check it on historical quotes data. This will show how it has been trading during previous years. Below we publish a backtest for XAUUSD currency pair (Gold) for previous years, which confirms the reliability and profitability of the system. By getting access to Golden Pickaxe through the ValeryTrading Portfolio, you can backtest it yourself in your MetaTrader platform and get the same results, confirming the authenticity of this test.

Strategy Tester Report – Backtest from $10,000 to $966,040 – Custom High-Risk Set

In this video, we show you a backtest of the Golden Pickaxe Expert Advisor used to trade on MetaTrader 4/5 platforms. Backtest information:

• This backtest was done on the MetaTrader 5 platform of IC Markets broker.
• The tested period was from 02/02/2021 to 02/02/2023, at maximum speed.
• The initial deposit was $10,000, while the final balance was $966,040.
• The trading set was a custom-made one for this specific video, with very high risks.

Important: This backtest used a custom set file with very high risk, created specifically for this video. It demonstrates the strategy’s potential, not the results you should expect with the standard set files.

Verified Live Account Performance

More important than any backtest is real money performance. Golden Pickaxe runs on a public, investor-password-verified live account on MyFxBook (#10254914):

• Lifetime Gain: +217.75%
• Average Monthly Gain: 2.8%
• Max Drawdown: 50.62%
• Months in Profit: 28/34
• Live since: 2021

Guaranteed Backtest Reproducibility

Golden Pickaxe guarantees full backtest transparency. With access through the ValeryTrading Portfolio, you can backtest the EA yourself on your own MetaTrader platform and get the same results, confirming the authenticity of the published tests — a level of verifiable transparency that is rare in the Forex EA marketplace.

Pricing, Packages, Trial, and Refund Policy — Everything You Need to Know

New ValeryTrading Pricing: Rent or Own the Full 6-EA Portfolio

ValeryTrading has changed how Golden Pickaxe EA is sold. It is no longer available as a standalone purchase — every plan now includes full access to ValeryTrading’s entire 6-EA portfolio (Sentinel AI, Waka Waka, Perceptrader AI, Golden Pickaxe, News Catcher Pro, and Night Hunter Pro). There are two ways to get access:

Both plans grant identical access to every EA in the portfolio, including Golden Pickaxe, so traders who only want one system now get five additional Expert Advisors at no extra cost.

What Is Included in Every ValeryTrading Plan?

Whether you choose to Rent or Own, every ValeryTrading plan includes a comprehensive package of tools, resources, and ongoing developer support. The complete package includes:

• Full access to all 6 Expert Advisors — Sentinel AI, Waka Waka, Perceptrader AI, Golden Pickaxe, News Catcher Pro, and Night Hunter Pro
• All future EA releases at no extra cost
• 10 MetaTrader 4 or 5 licenses per EA — ideal for traders managing multiple live accounts
• Free lifetime software updates, including all future version releases
• Developer and prop-firm set files for every EA
• 1-on-1 remote setup support directly from the ValeryTrading team
• 120+ page PDF user guide with detailed instructions, graphics, and broker-specific recommendations
• Licensing dashboard access to manage and activate your accounts
• Private Telegram community connecting you with hundreds of active traders
• Dedicated technical support from the developer, Valeriia Mishchenko
• One month of ValeryVPS included free (2.5GB RAM, 2 cores, 80GB SSD)

With 10 account activations per EA across a 6-EA portfolio, a single ValeryTrading plan covers dozens of trading accounts. It is ideal for professional traders, fund managers, and prop firm traders who want a diversified, multi-strategy setup rather than a single Expert Advisor.

The 14-Day Free Trial – Test Before You Commit

ValeryTrading offers a completely free 14-day trial of the full portfolio — no credit card required — so you can test Golden Pickaxe and the other five EAs in full before making any financial commitment. This substantial free trial period allows prospective buyers to:

• Evaluate each EA’s real trading behavior in their specific broker environment
• Assess performance under genuine live market conditions
• Test different risk settings and lot-sizing configurations to find the optimal setup
• Confirm compatibility with their chosen broker’s platform and symbol naming conventions

A free trial with zero financial obligation and no credit card required speaks for itself. It is a clear sign of confidence in the portfolio’s real-world performance. Start your 14-day free trial of Golden Pickaxe EA here.

30-Day Money-Back Guarantee

In addition to the 14-day free trial, ValeryTrading offers a comprehensive 30-day money-back guarantee after purchase. This means that after buying either the Rent or Own plan, traders have a full month to evaluate performance across the whole portfolio. And if for any reason they are not satisfied, they can request a full refund within this window.

Combined with the 14-day free trial, this effectively creates a 44-day risk-free evaluation period. This is one of the most generous guarantee structures available in the entire Forex EA marketplace. The dual-layer protection demonstrates ValeryTrading’s confidence in the portfolio’s ability to deliver results.

Community, Support, and Lifetime Updates

The Exclusive Golden Pickaxe Telegram Community

Access to Golden Pickaxe includes membership in a private Telegram community with hundreds of traders and Golden Pickaxe users. Members regularly share:

• Real-world trading performance and live account results
• Practical tips and best practices for trading Gold with the EA
• Announcements and updates from the ValeryTrading team
• Technical troubleshooting help from experienced fellow traders

Personalized Customer Support From the Developer

Valeriia Mishchenko and the ValeryTrading team provide full customer support to all Golden Pickaxe users — from installation and broker compatibility to risk settings and prop-firm configuration. In addition, every plan includes 1-on-1 remote setup support.

One of the strongest indicators of a developer’s commitment is the frequency and quality of updates. Golden Pickaxe is continuously improved — the latest version is v2.46.

How to Update

Download the new version through your user dashboard, and then replace the .ex4/5 files on your MetaTrader trading platform.

Version 2.17 – +25 New Trading Parameters

We are thrilled to share the launch of the Golden Pickaxe v2.17 update with you! This update introduces +25 new trading parameters, many in response to client requests. These additions aim to improve Golden Pickaxe’s performance, offering greater flexibility to adapt to the preferences of each one of you. Additionally, the update enhances Golden Pickaxe’s compatibility with the demands of multiple prop firms.

Some of the new trading parameters:

• Neural Network retrained
• Portfolio Mode – Allows you to run more than one set file (instance of the EA) and/or other EAs (instances of Waka Waka and Golden Pickaxe) on the same account so that the EAs do not open new initial trades simultaneously.
• Max Daily Drawdown Type FTMO – Allows you to customize the daily drawdown calculation type, depending on your prop firm’s requirements.
• Force Basket Closure once the Initial Order is Closed – Option to force basket closure once the initial order/trade is closed by TP or by manual intervention.
• Send Push Notifications after this Level [0-disabled] – Sends a push notification if a trade above the specified level is opened. You need to allow push notifications in the terminal settings and specify your MetaQuotes ID.
• Max Floating Drawdown % for each Symbol – Allows you to specify the max. drawdown % separately for each symbol. This is a good option for additional risk management.
• News Filter Actions – Prohibit opening of the initial trade. Prohibit opening of all trades, Close all open trades – news filtering action, as required by various prop firms

All parameters can be found in the Golden Pickaxe Setup Guide.

Golden Pickaxe EA Update – Custom Prop-Firm Set Files Available

In the past few months, we’ve seen an overwhelming interest in custom trading set-files for prop-firm challenges and funded accounts.

A dedicated area in your ValeryTrading user dashboard is available for you to request custom prop-firm trading set files, included with both the Rent and Own plans.

These are designed to enhance your trading with Valeriia Mishchenko’s Expert Advisors, catering specifically to your needs in prop-firm challenges or funded accounts.

It’s effortless to get a customized prop-firm trading set file. Just fill in a simple form and allow up to 48 business hours for the ValeryTrading team to develop your personalized set file.

In this video, we show you how to request a custom FTMO/prop-firm challenge or funded account trading set file:

Note: This service is exclusively available to customers who have Rent or Own access to the ValeryTrading Portfolio!

The ValeryTrading Portfolio – Golden Pickaxe Plus 5 More Expert Advisors

As covered above, ValeryTrading now sells access to Golden Pickaxe exclusively as part of its complete 6-EA Portfolio, available for $1,497/year (Rent) or a one-time $4,997 (Own) — a combined $16,800 value if the six EAs were purchased individually at $2,800 each.

What’s Included in the ValeryTrading Portfolio?

The ValeryTrading Portfolio includes six powerful, professionally developed Expert Advisors:

• Sentinel AI EA: An advanced AI-driven grid trading system trading 2 pairs on M5, with a 7+ year live track record.
• Waka Waka EA: A grid strategy trading 3 pairs on M15, with an 8+ year live track record.
• Perceptrader AI EA: An AI-driven grid EA trading 6 pairs on M5, with a 7+ year live track record.
• Golden Pickaxe EA: The gold (XAUUSD) trading EA reviewed on this page, using a machine-learning-driven grid strategy on M1, live since 2021.
• News Catcher Pro EA: A news-trading EA that reacts to economic news events in real time across 3 pairs on M5, with a 3+ year live track record.
• Night Hunter Pro EA: A night-scalping EA trading 12 pairs on M5, with a 6+ year live track record.

Each of these Expert Advisors is individually tailored to perform effectively across diverse market cycles, and together they provide a comprehensive, multi-strategy, multi-asset automated trading ecosystem that covers virtually all major market conditions and trading opportunities throughout the entire trading week.

Now is the time to elevate your trading and get access to the full portfolio behind Golden Pickaxe.

Ready to transform your trading experience?

Start your 14-day free trial and decide whether to Rent or Own the full portfolio.

Visit the Official ValeryTrading Website – Get Golden Pickaxe & The Full Portfolio

Golden Pickaxe EA – Real User Testimonials & Star Ratings

User Testimonial 1: Michael T. – Gold Trader

⭐️⭐️⭐️⭐️⭐️ “I’ve been day trading gold for years, and the Golden Pickaxe EA has completely changed my approach! Moreover, its mean-reversion strategy, when combined with advanced machine learning technology, has consistently proven to be a true game-changer. I installed it easily on my MT4 platform and started seeing results almost immediately. The customer support has been outstanding; Valeriia is incredibly knowledgeable and responsive! I highly recommend this EA to anyone serious about gold trading!”

User Testimonial 2: Jenna L. – Part-Time Investor

⭐️⭐️⭐️⭐️ “As a part-time trader, I needed an EA that could work while I was at my day job. Golden Pickaxe has exceeded my expectations! In addition, the automated trading enables me to focus on my career. At the same time, it efficiently manages my gold investments. I’ve experienced steady profits. The variety of trading strategies it offers keeps things interesting. The only downside is that I faced a bit of a learning curve at first. However, the setup guide helped immensely. Overall, it’s a great investment!”

User Testimonial 3: Raj K. – Professional Trader

⭐️⭐️⭐️⭐️⭐️ “I am impressed with the performance of Golden Pickaxe EA. As a professional trader, I have tested numerous EAs. This one stands out with its advanced algorithms and backtesting results. It operates seamlessly, and I have managed to achieve significant returns with minimal risk. The customizability is unmatched; I can tweak the settings to fit my trading style perfectly. Valeriia’s personal support is also a huge plus. This EA is worth every penny!”

User Testimonial 4: Emma P. – Casual Gold Trader

⭐️⭐️⭐️⭐️ “I started using the Golden Pickaxe a few months ago. While it has worked well, I think a little more information on its settings would be helpful for new users like me. However, I love how it trades gold on the M1 time frame, and the profits have been impressive so far! I appreciate the fact that it’s not sensitive to spread and slippage. Overall, I’m satisfied with my purchase and look forward to seeing continued results!”

User Testimonial 5: Tom H. – Forex Enthusiast

⭐️⭐️⭐️⭐️⭐️ “Golden Pickaxe EA took my trading to the next level! It’s flawlessly executed with its ability to run multiple strategies based on current market conditions. The performance tracking and profitability have convinced me that this EA is a long-term solution for my trading needs. The community of traders is also incredibly helpful, sharing insights and tips. I’m thrilled with my decision to invest in this EA. It truly delivers what it promises!”

Who Should Use Golden Pickaxe?

Golden Pickaxe EA is an excellent choice for:

• Gold traders who want a specialized, fully automated XAUUSD system instead of a generic multi-pair EA
• Busy professionals who want emotion-free trading without watching the charts all day
• Prop firm traders who need FTMO-compatible drawdown settings, news filter actions, and custom prop-firm set files
• Portfolio builders who want to combine Golden Pickaxe with other ValeryTrading EAs via Portfolio Mode for diversified exposure
• Beginners who want a well-supported system with a ready-to-use default set file and a detailed setup guide

Pros and Cons of Golden Pickaxe EA

An honest, balanced assessment of any trading system must include both its strengths and its limitations. Here is our pros and cons analysis of Golden Pickaxe EA.

Pros of Golden Pickaxe EA

• Specialized for Gold (XAUUSD) — a system built specifically for Gold’s volatility profile rather than a generic multi-pair EA
• Verified live track record since 2021 — +217.75% lifetime gain on a public MyFxBook real money account
• Machine learning–powered trade selection — filters low-potential trades and focuses on high-potential setups
• Built on real market inefficiencies — not a curve-fitted backtest system
• Non-martingale, non-hedging, non-latency architecture
• Five predefined set files — five different trading systems on Gold for every risk appetite
• Not sensitive to spread or slippage — works reliably across different broker environments
• Advanced trade filters — news filter, market crash protection, and per-symbol drawdown control
• Prop-firm friendly — FTMO drawdown type, news filter actions, and custom prop-firm set files
• MT4 and MT5 compatibility
• 14-day free trial + 30-day money-back guarantee — up to 44 days of risk-free evaluation
• Active Telegram community and personal support from the ValeryTrading team

Cons of Golden Pickaxe EA

• Grid-related drawdowns — the grid strategy holds multiple open positions at times, and the verified live account has recorded a maximum drawdown of 50.62%. This requires emotional discipline and proper risk settings.
• Risky set files can produce severe drawdowns — the high-risk configurations (and the $966,040 backtest, which used a custom very-high-risk set) are not suitable for most traders.
• Single-instrument concentration — Golden Pickaxe trades Gold only, so all risk is concentrated in one market unless you combine it with other EAs.
• Bundle-only access — Golden Pickaxe is no longer sold as a standalone EA. Access costs $1,497/year (Rent) or $4,997 one-time (Own) for the full 6-EA portfolio. The free trial, money-back guarantee, and five additional EAs mitigate this significantly.
• VPS required — continuous 24/5 operation on the M1 time frame requires a VPS, which adds a small ongoing cost after the free ValeryVPS month.

Golden Pickaxe EA – FAQs

Q1: How much does Golden Pickaxe cost and what does it include?

A1: Golden Pickaxe is no longer sold as a single EA — it’s included in the full 6-EA ValeryTrading Portfolio. You can Rent access for $1,497/year or Own it permanently for a one-time $4,997 (regular value $16,800). Both plans include all 6 EAs, 10 MT4/MT5 licenses per EA, free updates while your access is active, and full support.

Q2: Which currency pairs does the Golden Pickaxe EA work with?

A2: The Golden Pickaxe Expert Advisor works only with the XAUUSD currency pair (Gold).

Q3: What is the recommended time frame to use with the Golden Pickaxe?

A3: The recommended time frame to use with the Golden Pickaxe EA is M1 (1-minute time frame).

Q4: Can I try the Golden Pickaxe EA for free before purchasing it?

A4: Absolutely! You can download and try the Golden Pickaxe intensively for 14 days at no cost.

Q5: Should I Rent or Own the ValeryTrading Portfolio?

A5: Rent ($1,497/year) suits traders who want the lowest upfront cost and the flexibility to cancel anytime. Own ($4,997 one-time) suits traders planning to use the EAs long-term, since it’s a single payment for permanent access instead of a yearly renewal. Both options unlock the same 6 EAs and features, and both are covered by a 30-day money-back guarantee.

Refund Policy

You can give Golden Pickaxe and the rest of the ValeryTrading Portfolio a fair try. Both the Rent and Own plans are backed by a 30-day money-back guarantee, on top of the 14-day free trial.

Conclusion – Is Golden Pickaxe EA Worth It in 2026?

After examining every aspect of Golden Pickaxe EA — from its mean-reversion grid strategy and machine learning layer to real performance data, risk management tools, update history, and user feedback — one conclusion emerges clearly: this is one of the most complete automated solutions for trading Gold.

What Makes Golden Pickaxe Stand Out

1. A Specialized Gold Strategy
Instead of trying to trade every market, Golden Pickaxe focuses exclusively on XAUUSD and uses a machine learning–powered mean-reversion grid built around real market inefficiencies.

2. Verified Live Performance
A public, MyFxBook-verified real money account since 2021 with a lifetime gain of +217.75% and a maximum drawdown of 50.62% — published openly, including the risk.

3. Flexibility Through Five Set Files
Five predefined trading systems let traders choose between balanced and more aggressive approaches without complex optimization.

4. Robust Risk Management
Multiple lot-sizing methods, predefined risk presets, a news filter, market crash protection, per-symbol drawdown limits, and FTMO-compatible parameters give traders granular control over risk.

5. Continuous Improvement
Regular updates — including a retrained neural network, +25 new parameters in v2.17, and custom prop-firm set files — show that development is ongoing.

6. Outstanding Community and Support
Full customer support, free updates, 1-on-1 setup support, and a private Telegram community make Golden Pickaxe accessible even for beginners.

Our Recommendation

Golden Pickaxe is available exclusively through the ValeryTrading Portfolio for $1,497/year (Rent) or a one-time $4,997 (Own) — a combined $16,800 value across all 6 EAs. Traders who understand the drawdown profile of a grid strategy and choose risk settings that match their account size will find Golden Pickaxe a valuable addition to their trading toolkit. Start with a low-risk setting, use the 14-day free trial and the 30-day money-back guarantee, and evaluate the EA on your own broker before scaling up.

Visit the official Golden Pickaxe EA website today to start your free trial and secure your access!

Golden Pickaxe and the full ValeryTrading Portfolio are available for $1,497/year (Rent) or a one-time $4,997 (Own) for lifetime access. Start with the 14-day free trial and see the results for yourself!

Official Links

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Trading Results

Live Account Trading Results:

Demo Account Trading Results:

Visit The Official Forex EA Website Buy This Forex Trading Robot Now NFA & FIFO Compliant